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The thing is, all the "new" or "high tech" parts of bitcoin can be treated as a black box, and their relevant properties summarised on a single sheet of paper. You could then hire someone with financial controls expertise to run the other side of the business - the entirely conventional money handling.

A bitcoin exchange really isn't all that different from a metals exchange, if you substitute "physical delivery of gold" for "emit an actual on chain bitcoin transaction".



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